As ULI Calls It a Wrap, Multifamily and L.A. Are Stars

LOS ANGELES-Multifamily was on everyone’s mind at the ULI Fall Meeting in Los Angeles, where the apartment market might well be said to have been the star of the event. In sessions throughout the Fall Meeting at the L.A. Convention Center from Tuesday through Friday last week—and in countless conversations with each other as well as in video and print interviews with GlobeSt.com—attendees at the conference expressed a consensus that multifamily is the star of the commercial real estate investment world right now.

The meeting venue, too, took a bow. John Cushman, co-chairman of Cushman & Wakefield, probably said it best in a video interview with GlobeSt.com at a reception the company hosted Wednesday evening. Cushman pointed out that the Downtown Los Angeles of 2011 differed markedly from the Los Angeles of 2005, when the ULI last held its Fall Meeting here. Downtown development at L.A. Live, the Staples Center and other areas, the Cushman & Wakefield co-chairman said, has transformed the area surrounding the convention center.